The Ocean division has boosted Maersk’s third-quarter results, showing remarkable growth in earnings of 39% on contracting revenues as the company’s strategy of managing capacity pays off spectacularly.
The demand recovery, following the slowdown of the second quarter, which led to the reactivation of all available tonnage as well as significantly higher prices in the short-term market, helped the Copenhagen-based firm to deliver a strong quarter in the Ocean sector, according to the CEO of A.P....
https://container-news.com/covid-strategy-pays-dividends-for-maersk-with-strong-q3/